John Von Neumann's work in this field includes backward induction. John Maynard Smith developed the Evolutionarily Stable Strategy using work in this field. This field was initially developed to analyze situations in which one party does better at another's expense, called [*] zero-sum. In this field, a "stag hunt" is a sit
John Von Neumann's work in this field includes backward induction. John Maynard Smith developed the Evolutionarily Stable Strategy using work in this field. This field was initially developed to analyze situations in which one party does better at another's expense, called [*] zero-sum. In this field, a "stag hunt" is a situation that has a conflict between safety and cooperation and the idea that each player's strategy is the best response to the strategies played by his rivals is central to this field and is known as Nash equilibrium. For 10 points, identify this branch of applied mathematics, whose most well known problem is the Prisoner's Dilemma.
John Von Neumann's work in this field includes backward induction.
{game theory}